*Why Putting the Brakes on Foreclosures Won’t Stop the Crash* California did it. Massachusetts and Maryland did it, too. So did Fannie and Freddie. Florida and Ohio are talking about...
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Ellie Mae Offers New HVCC-Compliant Appraisal Services
Pleasanton, California-based ""Ellie Mae"":http://www.EllieMae.com announced on Friday the launch of the company's HVCC-compliant appraisal services, a new program designed to help banker, lender, and broker clients comply with the GSEs'...
Read More »Foreclosures Up Six Percent in February
...in February, when the state’s foreclosure activity increased 23 percent from the previous month."" Nevada, Arizona, and California posted the top state foreclosure rates once again. Nevada continued to document...
Read More »Mavent Rolls Out 'Making Home Affordable' Compliance Software
Irvine, California-based ""Mavent Inc."":http://www.mavent.com/, a provider of automated regulatory compliance software and solutions to the mortgage industry, has unveiled a new automated compliance engine (ACE) that reviews loans for compliance...
Read More »Home Builders Vying With Foreclosures
...Steve Ruffner, president of the Southern California division of new home builder KB Home, recently told the _""Wall Street Journal"":http://online.wsj.com/article/SB123672707657288607.html_, ""We are no longer competing with other builders. We are...
Read More »IAS Reports Worst Drop Yet in Home Prices
...granular data indicates the areas that experienced the largest gains during the housing bubble, California and Florida in particular, are continuing to be hit the hardest by falling property values....
Read More »HomeGain Poll Shows Value Disconnect
Emeryville, California-based ""HomeGain"":http://www.homegain.com, the first website to provide free instant home values, today announced the results of a ""nationwide survey"":http://blog.homegain.com/polls/results-of-realtor-home-values-survey analyzing homeowners' and homebuyers' views on home prices. The study,...
Read More »UFA: Default Tsunami May Be Receding
...""UFA Mortgage Report"":http://www.ufanet.com/nmr.htm successfully predicted such developments as the increased defaults in Southern California in the mid-90s and the current increases in defaults nationwide. The company's predictions are based on...
Read More »Former Countrywide Execs Buying Up Bad Mortgages
...the ripple that sparked the foreclosure and housing tsunami. Even so, about a dozen or so former leaders of the Countrywide giant have formed a new California-based company, ""Private National...
Read More »MBA: Delinquencies Hit Record-Highs
...is driven by the loss of jobs or income rather than changes in payments. On a regional basis, Brinkmann said, ""While California, Florida, Nevada, Arizona, and Michigan continue to dominate...
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